modhelius

Pivot Point Moving Averages

This indicator contains two simple moving averages that is calculated from the pivot point rather than the closing price. This indicator is described in detail in chapter 6 of the book Candlestick and Pivot Point Trading Triggers: Setups for Stock, Forex, and Futures Markets by John L. Person.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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Comments

I AM NOT ABLE TO FIND PPMA INDICATOR WILL YOU PLZ HELP ME OUT
+4 Reply
If you want a more flexible indicator you can use this instead (You just have to set the periods to 1 and 3 and the sources to hlc3 on the two first moving averages and disable the third under the styles tab to achieve the same result as this indicator)
+1 Reply
Thank you so much for this. I'm reading Person's book right now and I was quite concerned about not understanding Pivot Point moving averages, and so this indicator is a real blessing, thanks again I'm learning tons
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